Truist Financial Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $75.00

e.l.f. Beauty (NYSE:ELF) had its target price reduced by Truist Financial from $100.00 to $75.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Piper Sandler cut their target price on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. DA Davidson cut their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Raymond James reduced their price objective on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price target on e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $117.41.

e.l.f. Beauty Stock Up 1.3 %

Shares of e.l.f. Beauty stock opened at $61.44 on Thursday. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 6.76 and a beta of 1.41. The firm’s 50-day moving average is $62.42 and its two-hundred day moving average is $97.55.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the transaction, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. This trade represents a 25.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the transaction, the senior vice president now directly owns 114,660 shares of the company’s stock, valued at approximately $6,118,257.60. This trade represents a 30.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock valued at $10,974,536 over the last 90 days. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after buying an additional 91 shares during the period. Truist Financial Corp boosted its stake in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after acquiring an additional 102 shares in the last quarter. Arizona State Retirement System grew its position in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after acquiring an additional 128 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after purchasing an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.